Implementation of ESA programs will not be easy. The ESA model is novel and foreign to most state education agencies, which have little to no experience with helping families purchase a wide variety of educational goods and services using government funds. Even if agencies had the relevant experience, ESA programs are complex, involving millions…

Constantly on the lookout for Canadian mathematics education matters, I recently experienced a major personal tipping point. The juxtaposition of two different customer service situations was simply too much for me to handle. Now through the looking glass, it was abundantly clear that tipping in Canada is unconscious, and the evidence was…

The Michigan Legislature passed legislation in October 2021 to create the Student Opportunity Scholarship Program, which would give thousands of families across the state more spending power to help meet their children's educational needs. This report unpacks this proposed education savings account program and analyzes its potential fiscal impacts.

Traditionally, civil servants and public officials are highly educated and have strong administrative expertise. Public financial managers have been regarded as 'guardians of the public purse', who have solid budgeting, accounting and auditing skills. However, the development of 'mega-trends' such as digitalization and e-government affect the…

While recovering from a major personal tipping point (see Part I), I was still able to keep on the lookout for Canadian mathematics education matters. After all, if Canadian mathematics education matters, Canadian mathematics education matters. In doing so, I ran into a number of other financial problems. Everywhere I turned was a financial…

The article begins with a fictional example of a life that has been spent frugally in several different ways and for different reasons over time: in wartime, through many decades of simple living, through a period marked by anxiety over the threat to future generations from the depletion of global resources and the climate crisis, to the COVID-19…

In 2019, the Business Roundtable changed its long-standing commitment to shareholder wealth maximization in favor of stakeholder capitalism. Business schools tend to teach the shareholder view in finance courses and the stakeholder view in business ethics courses. Given the increasing popularity of stakeholder capitalism, is it time for business…

Education savings accounts (ESAs) are designed to provide families with greater flexibility in designing educational programs that meet the needs of their children outside of the public system. Through ESAs, state education funds that are allocated for a child to attend public school are transferred directly to the child's family to use for the…

In Africa, the processes of democratic consolidation are endangered in spite of various administrative and financial reforms having been implemented to reinforce fiscal consolidation and strengthen governance in the public sector. This then requires investigating the efficacy of these ingenuities in situations where the policy-makers wield…

The financial planning profession has undergone significant change in recent years, where the focus has shifted from disclosure and consumer protection, to quality and education requirements. In Australia, there has been an increasing focus on the role that work-integrated learning (WIL) can play in financial planning education and preparing…

This paper investigates the possible opportunity cost of using standard college savings plans against the advantages of using debt to pay for college. In addition, it presents a practical argument for using debt in place of college savings plans in certain instances. By doing so, investors may not only be able to mitigate the difficulty of saving,…

Retirement benefits for faculty are an important, but relatively understudied, topic in postsecondary education. To date, there have been very few studies that have used qualitative research methods to examine how workers make financial decisions about retirement, and no qualitative investigations of faculty choice between DB and DC plans. To help…

This article argues the importance of teaching students about the philosophical and mathematical underpinnings of Australia's superannuation system as an example of a real-world problem context. It also provides a rationale for teaching financial modelling and decision-making in ways that respect the diverse financial realities represented in…

According to the Securities Industry and Financial Markets Association, which sponsors the Stock Market Game (SMG), more than 600,000 students participate in the SMG each year. The rationale for the game's inclusion in the school curriculum generally focuses on the positive contributions the game is thought to provide with respect to students'…

Among other responsibilities, many college student governments (SGs) are responsible for overseeing student fees as part of their operation (Miles et al., 2008). In 2018 around 32% of SG presidents reported being very or extremely influential on decisions involving student life and student fees (Templeton et al., 2018). At some institutions, SGs…